UK

RDM Factors has reported a 38 per cent fall in full year net profits for 2003.

The Bank of England has decided to leave interest rates at 4.5 per cent for July.

Rates were left unchanged despite warnings from Bank of England governor Mervyn King that rates may have to keep rising to cool house prices.

Xbridge, the commercial finance portal, has appointed an e-commerce manager to oversee relationships between mid-market clients, factors, asset finance providers and banks.

The Better Payment Practice Group (BPPG) has provided new guidance for businesses struggling to get paid by customers who seem to have disappeared.

Small businesses fear that further hikes in interest rates will prove disastrous for their firms, according to UK factoring and invoice discounter, Bibby Financial Services.

Developed in association with the Institute of Financial Services (ifs), the FDA Diploma is comprised of two Distance Learning Modules and a Residential Week within a two-year programme.

CBI director-general, Digby Jones, has questioned the government's sustained commitment to globally competitive export credit support following Trade and Industry Secretary, Patricia Hewitt’s announcement of a major programme of measures to boost

Shareholders in Dynamic Commercial Finance can be justly peeved by a ruling from the Takeover Panel that has effectively restricted Enterprise London, part of the GLE Group, from raising its hostile bid.

The deputy governor of the Bank of England yesterday sought to justify the Monetary Policy Committee's approach to raising interest rates, as new figures showed that the manufacturing recovery stalled last month.

Five Arrows Commercial Finance, the UK invoice finance firm, has bought the invoice discounting portfolio of Abbey Business, adding 50 clients and Ј12m in advances to Five Arrows’ book.